Reply
 
Thread Tools Display Modes
Old 12-03-2013, 02:54 PM   #1
Site Team
 
wmtire's Avatar
 
Join Date: Nov 2010
Location: Northeast Louisiana
Posts: 20,769
RV Industry recovery

Saw this article on Yahoo earlier, which included a quote from Forest River:

http://news.yahoo.com/rv-industry-sh...--finance.html

LOUISVILLE, Ky. (AP) — RV manufacturers expect to pass another milestone in their steady recovery from the recession that landed the industry in a deep ditch.

Led by sales growth for towable RVs and pricier stand-alone motor homes, recreational vehicle makers expect to ship more than 300,000 units to dealers' lots this year for the first time since the economic downturn battered the industry in 2008 and 2009.

Those grim days are now in the rear view mirror. Employment across the industry has rebounded, and consumers who once picked small, no-frills travel trailers — dubbed "recession trailers" — are now trading up or buying larger, pricier RVs.

"We're back to a more normal market where people are stepping up and buying nicer equipped travel trailers," said RV dealer Debbie Brunoforte, who has logged her best post-recession sales year at her lots in Phoenix and Mesa, Ariz.

Shipments from RV manufacturers to dealers — a key measure of consumer demand — are expected to reach 316,300 units in 2013, up nearly 11 percent from last year's total of 285,749, the Recreation Vehicle Industry Association said Tuesday on the first day of the industry's trade show in Louisville. More gains are projected for next year.

"These are good times, you guys, really good times," RVIA President Richard Coon said at the trade show's kickoff event Tuesday. "Business is good."

Through October, 2013 shipments were up nearly 13 percent from the same period last year, the group said.

Indiana is the manufacturing pacesetter, accounting for 83 percent of RV production in 2012. Oregon, California, Iowa and Michigan were next, each with a sliver of output.

Next year's overall shipments are expected to rise another 6 percent, to 335,500 units, putting production in the neighborhood of 2007's total of 353,400.

It's a big turnaround from 2009, when shipments sank to 165,700 units amid weak demand and dried up credit that left dealers' lots filled with the hulking vehicles. Some manufacturers closed their doors, and those that survived cut their workforces.

Now, easier credit is helping fuel the comeback as dealers obtain financing to fill lots and consumers get loans to drive away with RVs bound for campgrounds or tailgates.

"It's back at a point where it's not too easy, it's not too tight, it's about just right," said Doug Gaeddert, a general manager with Indiana-based RV maker Forest River Inc.

Business conditions are so good the biggest worry seems to be a repeat of the partial government shutdown in October if Congress can't reach a budget accord early next year.

"That impacted this business," Coon said. "Traffic at dealerships slowed way down. Let's hope they're smart enough not to do that again."
Pent up demand and favorable demographics also are aiding sales, as the industry's core Baby Boomer base heads toward retirement. The industry says its focus on the 30-to-49 age group has paid dividends, with younger families entering the market for towable RVs attached to pickups or hitched to other vehicles.

Stand-alone motor homes, which took the biggest hit from the recession, are also showing signs of a comeback. Through October, motor home shipments for the year were up 36 percent from the same 10-month period last year, the RVIA said. Shipments for towables were up 10 percent compared to a year ago.

Motor homes are expected to reach 12 percent of all shipments in 2013 and 2014, up from 10 percent in 2012.

Towables cost between $8,000 and $95,000, with an average price of about $29,000, according to RVIA. Stand-alone motor homes range from $45,000 to $1.5 million for top-of-the-line, bus-like vehicles. The average price is about $131,000 for the amenity-filled moving homes.


At this week's trade show, RV makers showed off new models to dealers lookingto place orders for next year. The trend is toward smaller, lighter-weight RVs that can be towed by more vehicles. Those models also result in slightly better gas mileage, with some smaller motor homes approaching 20 miles per gallon.

The industry is much leaner now with 70 manufacturers — nearly a third less than before the recession.

"Those of us that survived certainly are reaping the rewards now," said Derald Bontrager, president and CEO of RV maker Jayco Inc., based in Middlebury, Ind.

Jayco has seen broad sales gains in its product lineup, including for its motor homes, he said. With the upswing in shipments, Jayco has hired more workers. Its workforce is about 2,000, compared to 1,100 during the depths of the downturn but short of the 2,500 before the recession.

Industrywide employment — including manufacturers, suppliers, dealers and service departments — is estimated at 496,000, according to RVIA. Employment peaked at about 550,000 in 2007, then plunged to about 280,000 in 2009.
__________________

__________________
2011 Flagstaff 831 RLBSS

Just imagine, for a moment, if there were no hypothetical situations.
wmtire is offline   Reply With Quote
Old 12-03-2013, 03:09 PM   #2
Senior Member
 
Rugged Brown's Avatar
 
Join Date: Jan 2011
Posts: 2,104
Prices will be on the rise now.
__________________

__________________
Terry/Bernadette
Lily the Yorkie
2015 Dodge Ram Sport 1500
Trying to resist the urge to buy another camper
Rugged Brown is offline   Reply With Quote
Old 12-03-2013, 03:40 PM   #3
DDC
Senior Member
 
DDC's Avatar
 
Join Date: Sep 2011
Location: Komoka Ontario
Posts: 2,657
Quote:
Originally Posted by Rugged Brown View Post
Prices will be on the rise now.
Isn't good times and competition supposed to be good for consumers,hahahaha
__________________
"Well that didn't go as expected"
2015 Chev 2500HD Highcountry Duramax
Cedar Creek Silverback 33IK
Donald&Casey cairn terrier
Rest in Peace Mary my darling wife.
Scottish by birth Canadian by time.
DDC is offline   Reply With Quote
Old 12-03-2013, 03:50 PM   #4
Senior Member
 
BamaBob's Avatar
 
Join Date: Nov 2013
Location: Whereever our Berkshire is Parked!
Posts: 7,085
Quote:
Originally Posted by Rugged Brown View Post
Prices will be on the rise now.
WHEW...glad we took a chance & picked up the "Retirement Casa" a couple of months ago instead of waiting another year...looks like we dodged the price increas bullet (and YES, our unit was deeply discounted - almost 38% off MSRP
__________________
Bob & Anne-Marie [BamaBob & 6 Actual]
| 2017 Berkshire XLT 43A with Ultrasteer Tag | Blue Ox Avail + KarGard II |
| SMI AF-1 Air Brake | 2016 Jeep Cherokee Overland TOAD | Pedego Bikes |
Nights Camped: 2013 - 24 2014 - 42 2015 - 56 Jul 2016 - Fulltime
BamaBob is offline   Reply With Quote
Old 08-23-2014, 09:28 AM   #5
Site Team
 
wmtire's Avatar
 
Join Date: Nov 2010
Location: Northeast Louisiana
Posts: 20,769
Just read another article on how much better Winnebago was doing. The article had lot's of stats in it, but the thing that struck me the most (and I don't guess I thought about it)....was that they said about the retiring baby boomers fueling the RV upswing (quoted below)

It would be easy to dismiss this as the latest boomlet in an industry famous for its cycles, were it not for a demographic tidal wave—the so-called silver tsunami—that has already begun: The retirement of America’s 76 million baby boomers. The largest group of U.S. retirees in history has entered its prime RV-buying years, and Winnebago thinks it has precisely the right mix of nostalgia, adventure, and cushy comfort they’re yearning for.

Here is a link to the entire article:

Winnebago rolls again - Fortune
__________________
2011 Flagstaff 831 RLBSS

Just imagine, for a moment, if there were no hypothetical situations.
wmtire is offline   Reply With Quote
Old 08-25-2014, 06:23 AM   #6
Senior Member
 
vinmaker's Avatar
 
Join Date: Jul 2014
Location: MA
Posts: 1,816
Thanks for sharing the article.

I am not surprised at all by this. The economy is so hot right now. People have so much money to spend and want to get this whole recession behind them.
I am still waiting to take delivery of a pop up that is sold out within 500 miles of Boston. You visit dealers and there is just nothing on the lots anymore. They are selling these RV's like crazy. All the dealers can do is offer you a factory order. I had to buy my unit totally unseen. Short of jumping on a plane to find the pop up someplace, I was just not able to look at a single unit.

Vin.
__________________

2015 HW296
2006 HW256 (previous pup)
2013 Chevy Tahoe
Equalizer WDH 1000#
vinmaker is offline   Reply With Quote
Old 09-01-2014, 07:10 AM   #7
Incheon, S. Korea
 
BigBaron's Avatar
 
Join Date: Jul 2012
Location: Incheon, South Korea
Posts: 1,141
I honestly don't think it's that people have a lot of money, I think it's that people can get financing.
My friend's company (Century Financial) literally started the housing crash, and he saw it and got out long before it hit the fan.
I hope the RV market isn't flooded with repos in a year or so. It seems like it may go the same way looking at the numbers...
__________________
Me, Julie, Lil' Barry, Faith, and OSDs, Fang and Treaty
2003 Hyundai Starex (H1), 2012 Coachmen Clipper 126
I don't know when we'll be able to go camping again...
BigBaron is offline   Reply With Quote
Old 09-01-2014, 07:18 AM   #8
Senior Member
 
BiigDaddy's Avatar
 
Join Date: Apr 2011
Posts: 449
Quote:
Originally Posted by BigBaron View Post
I honestly don't think it's that people have a lot of money, I think it's that people can get financing.
I wholeheartedly agree Baron.
__________________

2013 GMC Savana 2500 FBI Edition
2015 Rockwood 8327SS stuffed with 5 kids!

SE Michigan
Nights camped 2014: 48
BiigDaddy is offline   Reply With Quote
Old 09-01-2014, 10:47 AM   #9
Senior Member
 
Join Date: Feb 2014
Location: Rochester WA
Posts: 162
Send a message via Skype™ to chuckw5kav
Vinmaker, the RV lots out here in the Northwest are
loaded with some of last years models and many of this
years as well.... Just about every month there are large
sales at Malls and Fairgrounds with easy financing....The
dealer near us has a sign outside the front door which
states they will get you into the trailer you want no
problems guaranted financing...
__________________
2017 Durango Gold G384RLT
Coachmen Owners Association
2005 Ford F350 Dually
W5KAV
Last years Camping 125 days
This years Camping 150 an still going
chuckw5kav is offline   Reply With Quote
Old 09-01-2014, 11:09 AM   #10
Senior Member
 
vinmaker's Avatar
 
Join Date: Jul 2014
Location: MA
Posts: 1,816
Quote:
Originally Posted by chuckw5kav View Post
Vinmaker, the RV lots out here in the Northwest are
loaded with some of last years models and many of this
years as well.... Just about every month there are large
sales at Malls and Fairgrounds with easy financing....The
dealer near us has a sign outside the front door which
states they will get you into the trailer you want no
problems guaranted financing...

You are definitely in a totally different market then. Maybe it is the drivers causing the problem. Maybe your closer to the factories than I am here on the east coast. If you look at auto sales, RV sales, and boat sales; the numbers are thru the roof. There are many models of cars out there are is such short supply that people cannot even find them. There are waiting lists to even order them. The RV lots around here are not all that full either because people are buying them so fast the dealers just cannot keep them on the lots.

It could be financing but I think people are just flush with money now. They are looking for an outlet to spend it on and have decided to start buying toys again.

All I know is being in the position of a buyer at the moment is not good. It is a total sellers market with dealers basically naming the price. I could not find the pop up I was considering withing 500 miles of me. I had to buy the thing based on a brochure picture.

Vin.
__________________

__________________

2015 HW296
2006 HW256 (previous pup)
2013 Chevy Tahoe
Equalizer WDH 1000#
vinmaker is offline   Reply With Quote
Reply

Tags
cover

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



» Featured Campgrounds

Reviews provided by


Disclaimer:

This website is not affiliated with or endorsed by Forest River, Inc. or any of its affiliates. This is an independent, unofficial site.




Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 05:35 AM.